I just don't think the land makes enough in comparison to getting a real estate business started that could scale much faster and be worth much more a decade from now and provide additional cash flow for our family. 

.$925x0.25=$231.25$925-$660-$231.25=$33.75 in cashflowTake a look at these additional expenses in your area and what you need to pull out as reserves for future expenses.

It's our home, we live here.While the upstairs has an additional entrance, it is not separate.

Have a kitchen remodel I'm planning on my personal residence as well as having an egress window cut out for a bedroom addition.

In addition to renting out the other units since your still young and in college, renting out any extra bedrooms in your own unit could be a good possibility and provide more cash flow.

LOLWow, I wish I would have low balled them even more, they took my request for 50K price reduction....I am adding to the inspection response verbiage that I want to also review the leases and have an additional 3 days to back out to give me time to review the leases.

- What skills, attributes and experiences do you and your husband have?

For example (and just picking arbitrary numbers here), let's say:Current living expense: $1,800/monthHouse to hack mortgage: $2,000/monthRental income from house hack: $1,600/monthExpenses (including $400 leftover on mortgage): $800/monthIn this example, I'd be losing $800 out-of-pocket per month, but I'd be able to save an additional $1,000 from my day job over my current situation that I could use toward a second property.

A hard money lender gave me this quote and Im trying to figure if its a good deal also, its on a 2 fam building in upstate Ny, if anyone can give advice please respond to me publically so other people can lean as i am. thank you. im going to try to post this on other threads because its time sensitive Loan Amount: Total loan amount of $63,750 or 65% of After Repair Value, whichever is less (Subject to appraisal, inspection, applicant interview and additional underwriting.

The transfers do not create any additional taxes.Yes, you could also structure it in a more complicated way, with an actual salary, but you need a good reason to do so, which is a longer conversation.